AEGEC Financial Inc. can bring you closer to the future you see for yourself in many ways – from creating personalized savings strategies for all your short- and long-term goals, to selecting the right investment products for you, working through estate considerations and setting up insurance protection for you and your loved ones.
Contact
- +1-226-899-2425
- 415 Dolman Street, Breslau, ON, N0B1M0, Canada
- arvind@aegec.ca
Description
Type: Retirement Income Plan
A RIF is a retirement income plan that allows individuals to receive steady, scheduled withdrawals from their RRSP after reaching retirement age. Contributions are not allowed in a RIF, and minimum annual withdrawals are required based on the account holder’s age. These withdrawals are taxable as income, supporting retirees with an ongoing income stream.